Over the last year, property investments in Carnegie, 3163 have given investors a capital gain of -6.61%. This compares very badly with the 6.96% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Carnegie has increased when compared to the 5 year average annual rate.
Property buyers and investors in Carnegie 3163 should be seeing an average reduction in asking price of around -5.86% . This means that Carnegie is holding prices well when compared to other suburbs in VIC.
Residents and property investors in Carnegie have been waiting around 59.3 days to sell a property.
Carnegie is 540th on a list of best yielding suburbs for rents in VIC with a 2.11% return
VIC has seen average median house prices change by 5.32% which means that Carnegie, 3163 has done well for property investors by showing a capital gain of -2.03% over the last year
Carnegie,3163 was ranked 1037 in Australia by increase in median property value over the quarter.
Our latest figures would indicate that property sellers in Carnegie are currently offering property investors an average price cut of -5.04% below the asking price at the moment.
At number 394 in a list of fastest selling suburbs, Carnegie is in the TOP 30% of suburbs in Australia with an average of days on market 55.57 for properties listed there.
Situated 8.12km from the CBD, Carnegie is one of Glen Eira localities in the postcode 3163.
Situated 12km from the Melbourne CBD, Carnegie is an established suburb where vacancy rates have tightened from 1.9% to 1.5% in the 12 months leading up to March 2018Full summary
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Vacancies are squeezed further
Median unit price: $599,000
Vacancy rate: 1.5%
Three-year growth: 12.0%
Situated 12km from the Melbourne CBD, Carnegie is an established suburb where vacancy rates have tightened from 1.9% to 1.5% in the 12 months leading up to March 2018.
The unit market in this area has been performing admirably since 2013, with an average annual growth rate of 6.2%. The median price comes in at just under $600,000, and the average rental rate comes in at $400 per week.
Initially christened as Rosstown, Carnegie is home to a bustling commercial scene. The shopping district is centred on Koornang Road and Dandenong Road. Koornang Park and the Carnegie Swim Centre are located here as well, along with Carnegie Primary School. Residents are served by the Cranbourne/Pakemham rail line, several bus routes and the Carnegie tram route.Close